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PUBLIC STATEMENT REGARDING DEFAULT JUDGEMENT OBTAINED AGAINST MS ANA SKENDERSKA IN SINGAPORE ON 9 DECEMBER 2025 On 9 December 2025, ECI Ventures Pte. Ltd. (“PipFarm”) obtained default judgment against Ms Ana Skenderska, a former content creator, for its counterclaim against her, as no defence was filed and served before the prescribed deadline. Pursuant to the terms of the aforesaid judgment, PipFarm will be proceeding to the assessment of or inquiry into damages stage (including aggravated damages) against Ms Ana Skenderska for the following claims against her: 

1. Breach of Confidence and/or Misuse of Confidential Information For the claim against Ms Ana Skenderska for breach of confidence and/or misuse of confidential information, the judgment grants PipFarm the right to elect one of two remedies: - Account of profits — allowing PipFarm to require Ms Ana Skenderska to account for and repay profits made from all acts of breach of confidence and/or misuse of confidential information; or - Inquiry into damages — a formal assessment of the financial loss suffered by the company from the misuse of confidential information/breach of confidence.  2. Malicious Falsehood, Libel, and Unlawful Interference with Business For the following claims against Ms Ana Skenderska: - Malicious falsehood — a tort concerning false statements made with malice or reckless disregard causing harm to another party’s goodwill or economic interests; - Libel — a tort concerning the publication of false statements that tend to lower the reputation of a person or entity in the estimation of right-thinking members of society, or exposes them to hatred, contempt, or ridicule; and - Unlawful interference with business — a tort concerning intentional disruption of business through unlawful means. The judgment grants PipFarm a full assessment of damages, including aggravated damages for malicious falsehood and libel.  3. Injunction with Potential Criminal Consequences This judgment includes an injunction ordering Ms Ana Skenderska to remove certain social media posts defamatory of PipFarm made between 25 September to 29 October 2025, as well as any other posts containing similar words defamatory and/or false of PipFarm.  As Ms Ana Skenderska may not yet have complied with the aforesaid injunction, a formal cease and desist letter has been issued today, reminding her to remove her defamatory posts and highlighting that under Singapore law, non-compliance of this injunction constitutes contempt of court, which is a criminal offence punishable by fines, imprisonment, or both.  Next Steps At subsequent hearings, the Court will determine: - the damages payable for malicious falsehood, libel, and unlawful interference; - whether PipFarm will elect an account of profits or an inquiry into damages for misusing confidential information; and - the costs and interest owed to the company.  Further updates shall be given as deemed appropriate. Meanwhile, no further comments will be given.  Yours sincerely,  James Glyde, CEO, PipFarm

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